The iPhone 12 arrived with a new exterior design that may have you itching to upgrade. However, for countless buyers, a used iPhone 11 offers nearly all the features found in the iPhone 12 — at a lower price. Because of high market demand, selling your iPhone 11 can go a long way towards funding your iPhone 12 upgrade.
You may be wondering about the iPhone 11 resale value, but it is important to keep in mind that several factors affect smartphone pricing. For example, the better condition and the more storage space — the more money you can sell it for. The other factor is market demand, and if you opt to sell your iPhone 11 on Swappa you would be listing your phone in an active marketplace.
Read our How much is my iPhone worth blog post if you are interested in checking the value for other iPhone models.
How much is an iPhone 11 worth?
The iPhone 11 was announced on September 10, 2019, and it was released ten days later, on September 20, 2019. The iPhone 11 is part of the 13th generation iPhone lineup, which also includes the iPhone 11 Pro and the iPhone 11 Pro Max.
Apple released the iPhone 11 with options for 64GB, 128GB, and 256GB of internal storage space. The 64GB iPhone 11 launched with an MSRP of $699. The 128GB model was priced at $749 and the 256GB model was priced at $849.
The following table shows what you can expect to get if you sell or trade in your iPhone 11 in January 2022.
|Apple iPhone 11||$425 (average)||$300||$325|
The sale price for used smartphones tends to drop slightly from month to month, which is really just our way of saying the sooner you sell — the more money you can get in return. That said, the Swappa sale price, as noted in the table, shows an average for all iPhone 11 sales. This includes models listed in Mint, Good, and Fair conditions, along with models with 64GB, 128GB, and 256GB of storage space.
The Apple and Best Buy prices reflect trade-in values, and as you’ve likely noticed, they are lower. The Apple trade-in price is an “up to” situation, which means that is the most you can expect when you trade in an iPhone 11. Similarly, the Best Buy trade-in price is noted as being an “estimate” and that is based on an iPhone 11 in Good condition with 256GB of storage (the iPhone 11 Pro and 11 Pro Max Best Buy prices are for a model in Good condition with 512GB of storage).
Trade-in services are convenient, but you are trading value. You may also have to wait a bit before you get paid. A trade-in service typically has you ship your phone, then wait for it to be inspected, and then wait a bit longer to get paid. You also often get a gift card, which limits where you can spend your money, often to one specific retailer. Selling directly to another person, using a marketplace like Swappa offers, allows for a quicker sale and a quicker payment.
The bottom line is that the iPhone 11 resale value is often higher than the iPhone 11 trade-in value.
Sell your iPhone 11 on Swappa
At Swappa, we tend to recommend keeping your phone for several years before upgrading, but selling sooner does have one solid perk — the resale value will be higher, and that means you can get more money to fund your new purchase.
The iPhone 11 has a current average selling price of $479 in the Swappa marketplace, which means you would have a decent amount to put towards a cheap iPhone 12. You can review our listing criteria requirements to make sure your iPhone 11 meets the requirements, and learn about how to get started selling Swappa. And after that, you just need to tap the green button below to create your listing, sell your phone, and get paid.